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Articles

Articles

$4.9 Trillion Small Business Credit Gap: Digital Models to the Rescue
CGAP estimates that there is a $4.9 trillion credit gap for micro and small businesses in emerging markets. But digital technologies are disrupting traditional means of delivering MSE finance. CGAP talked to some of the most interesting companies about these new business models and breaks down the findings for you in their latest blog and deck...
How Fintechs Are Demystifying The Idea That It Is Hard To Lend To MSMEs
Jessica Alfaro, a Financial Sector Specialist at the SME Finance Forum, was the introductory speaker on the Corporate and Commercial panel at the Accenture Fintech Forum “What is Really Working” on May 13. This event was part of the FinTechStage Festival 2019 taking place over five days in Milan, Italy. Alfaro was joined on the panel by speakers...
Going Digital in Collections to Improve Resilience Against Credit Losses
Household debt is at an all-time high, delinquencies have been rising, and forward-looking macroeconomic indicators are softening. As a result, lenders are reexamining their capacities for handling delinquencies. Part of that reevaluation for heads of collections involves taking into account changes in the consumer landscape. For example,...
Bitbond CEO Talks Innovation in the Lending Industry
Radoslav Albrecht is the Founder and CEO of Bitbond, a global lending platform for small business loans. The SME Finance Forum member, leverages blockchain technology to connect creditworthy borrowers with individual and institutional investors. Recently, Anthony Manfre interviewed Radoslav to learn more about how Bitbond is leading innovation in...
CreditEase CEO Ning Tang on How China’s Fintechs Serve the Underserved
CreditEase - an SME Finance Forum member - founder and CEO Ning Tang recently shared with Mckinsey his perspective on how fintech players, from both within and outside China, can capture the opportunity among small and midsize Chinese businesses and how artificial intelligence (AI) can help. The following commentary is adapted from that...
CreditEnable, CAIT Partnership Set to Help 70 Million SMEs
This Forbes' article written by John Welsh, includes: a profile on CreditEnable; highlights about the CEO and Founder Nadia Sood’s career and outlines CreditEnable's 'Changemakers Programme', an initiative they have just launched in conjunction with the Confederation of All India Traders (CAIT), the world’s largest SME association, representing 70...
The Benefits of Fintech Partnerships in Emerging Markets
According to an IFC report, there are a few key challenges that have long limited the digital transformation of financial services in emerging markets. These challenges include: low access to formal financial services; low income and financial-literacy levels; underdeveloped technology solutions; and weak infrastructures. Due to these challenges,...
Digital Credit Helping to Put Kids in Classrooms in Cote d'Ivoire
By leveraging partnerships with farmers’ cooperatives and telecom operator MTN, in a recent pilot Advans Cote d’Ivoire achieved 100 percent on-time repayment and notably increased school attendance among borrowers’ children. This innovative work with cocoa farmers earned Advans Cote d’Ivoire the 2018 European Microfinance Award for inclusive...
Effective Risk Assessment Models and Alternative Data Proves Beneficial for Retail Lenders
Effective risk assessment is instrumental in the lending business. According to Medici, technology companies are creating risk assessment models with increasingly inclusive variables that are allowing lenders to reach the previously unbankable population. Alternative data can improve risk assessment for retail lenders. According to the article,...
Banks Are Unable to Pay Mexican SMEs
Euromoney says SMEs account for nine out of every 10 businesses in Mexico, however only a third have access to finance. “Despite numerous financial institutions operating in the market, financial services penetration remains low,” said Norbert Schneider, principal investment officer for Mexico at the IFC. SMEs in the country are lacking credit...